Inflation is 3 percent

[Truth Detector]

Dow futures rip higher as inflation report comes in lighter than expected:

The consumer price index rose 3% on a year-over-year in June. Economists polled by Dow Jones expected a 3% increase. Core CPI, which strips out volatile food and energy prices, also rose less than expected

https://www.google.com/amp/s/www.cnbc.com/amp/2023/07/11/stock-market-today-live-updates.html

So, inflation is continuing to increase, and you think that is a good thing. Dumb.

What this means is that prices ROSE from the previous month by 3.2% It doesn't mean the cost of everything is lower. In other words, gas is still costing more than it did last month. And a LOT more than it did two years ago.

 

[Mott the Hoople]

why pretend it’s at every one else's expense when over half of Americans pay no federal income taxes.....

That’s because they are broke thanks to you supply siders who’ve turned our nation into an oligarchy of money.

 

[PostmodernProphet]

That’s because they are broke thanks to you supply siders who’ve turned our nation into an oligarchy of money.

we didn't cause Bidinflation.......just remember......Bush and Trump cut taxes......Obama raised them and Biden raised the cost of living.....

 

[Into the Night]

Yea I know. Once again the Supply Siders were wrong. Which not exactly a surprise there as they have not ever once made a prediction that was right.

Once again Keynesian economics saves the day during an economic crises.

Things are going quite well in favor of Biden being re-elected. All the key metrics are going his way. SCOTUS hasn’t exactly been helping the GOP with their recent reactionary decisions either.

Keynesian economics doesn't work. You can't print your way to prosperity.
Economic depression and high inflation isn't 'going well'.

 

[Into the Night]

Yep.

Except for one thing, neo-Keynesian economics IS supply side.

No, it isn't. It does not supply anything.

 

[Into the Night]

So long as people continue to pay inflated prices, corporations will continue to raise them.

You just don't get capitalism and market forces, do ya? Dumb gator.

 

[Into the Night]

Yup, a global pandemic will cause that.

That was before the 'pandemic', dumbass.

 

[Into the Night]

Why do you make crazy comments like that. Unless you explain your comment it’s just an argument from authority logical fallacy.

But I’ll take your bait. You crazy. Keynesian and Neo-Keynesian are both focused on different aspects of the demand side of economics. Supply Side…as the name implies doesn’t.

Fallacy fallacy. No false authority fallacy too place here.
Keynesian economics doesn't work. You can't print your way to prosperity.

 

[Into the Night]

This is why the Republican Party tries to do economics without math

Math destroys their theories on economics

You are not using math. Indeed you deny and discard it.

 

[Into the Night]

Unless we the people regulate them

Fascism doesn't work. It isn't constitutional either.

 

[Into the Night]

Remember when the nation agreed to do Keynesian economics to save us from the Bush crash in 2008?




Republicans actually said it

Keynesian economics doesn't work. You can't print your way to prosperity. The crash was set up by DEMOCRATS, not Bush.

 

[Into the Night]

https://en.m.wikipedia.org/wiki/We_...eynesians now,by U.S. president Richard Nixon.




"We are all Keynesians now" is a famous phrase attributed to Milton Friedman and later rephrased by U.S. president Richard Nixon. It is popularly associated with the reluctant embrace in a time of financial crisis of Keynesian economics, for example, fiscal stimulus, by individuals such as Nixon who had formerly favored less interventionist policies

Doesn't work. You can't print your way to prosperity.

 

[Into the Night]

The phrase gained new life in the midst of the global financial crisis of 2008, when economists called for massive investment in infrastructure and job creation as a means of economic stimulation.[12][13]

No. DEMOCRATS did.
It didn't work. It just extended the economic depression.

 

[Into the Night]

Keynes ideas just keep being used to fix the messes republican deregulation causes over and over and over



Why do their lies about deregulation still stand at all?

Capitalism isn't a 'mess'. It is the only economic system that creates wealth. Anyone can play.

 

[Into the Night]

It has nothing to do with math Desh. It has everything to do with rationalizing enrichment of the wealthy at everyone else’s expense.

Not a closed system, dummy.

 

[Into the Night]

That’s because they are broke thanks to you supply siders who’ve turned our nation into an oligarchy of money.

There is no such thing as an 'oligarchy of money'. Money is not a form of government. Buzzword fallacy.

 

[Lightbringer]

Link



Now we are all Keynesians

I don't have to link it. This is not arcane knowledge. And yes, we are all Keynesian, you're correct about that. But...you replied to a comment about NEO-Keynesianism. I'd go into detail here but for the fact that I don't believe you even know what that is.

 

[Lightbringer]

No, it isn't. It does not supply anything.

It absolutely does. It throws money at producers. And what is that called?

 

[Lightbringer]

Why do you make crazy comments like that. Unless you explain your comment it’s just an argument from authority logical fallacy.

But I’ll take your bait. You crazy. Keynesian and Neo-Keynesian are both focused on different aspects of the demand side of economics. Supply Side…as the name implies doesn’t.

It's not a crazy comment. I disagree with you about the focus being on demand. The money is given to producers.

 

[Lightbringer]

Why do you make crazy comments like that. Unless you explain your comment it’s just an argument from authority logical fallacy.

But I’ll take your bait. You crazy. Keynesian and Neo-Keynesian are both focused on different aspects of the demand side of economics. Supply Side…as the name implies doesn’t.

I normally don't respond to a single comment more than once but I probably won't be back here for about a week so I think I need to be more detailed in my response to you.

I said Neo-Keynesianism is supply side. You said I was wrong. Keynesian economics is supply side. When times are bad give money to business to make more goods...IOW supply the goods. In good times practice austerity. A Neo-Keynesian will spend money in bad times AND in good times...That's what we do.

Your comment that Keynesians are focused on demand is...pardon the wording here...fucking retarded. They believe that SUPPLY drives demand (That's called supply side btw). Your little fantasy about an economic system that focuses on the consumer is a pipe dream...it doesn't exist. There are two schools of thought, stimulation and monetary...neither of which gives a flying fuck about you or any other individual.

You are just flat out wrong Mott.